Karachi: Haleon Pakistan Limited has declared a significant upswing in its financial results for the nine months ending September 30, 2024, showcasing robust growth in revenue and profitability. The announcement was made in a notice to the Pakistan Stock Exchange on October 24, 2024.

In the financial summary, the company reported a gross profit of PKR 9,172.64 million for the nine-month period of 2024, a substantial increase from PKR 4,467.11 million in the corresponding period last year. According to information available from the Pakistan Stock Exchange (PSX), this marks a significant turnaround in the company's financial health.

Revenue from contracts with customers for the nine months reached PKR 27,513.31 million, up from PKR 23,715.79 million in the previous year. The cost of sales was reported at PKR 18,340.66 million, indicating effective cost management compared to the previous year’s PKR 19,248.68 million.

Operating profit for the period stood impressively at PKR 5,553.65 million, far surpassing the PKR 1,418.49 million recorded last year. The profit before income taxes also showed a positive trajectory, with the company posting PKR 5,447.83 million, up from a modest PKR 1,243.84 million.

Net profit after taxation was declared at PKR 3,202.52 million for the nine months of 2024, reflecting a significant recovery from the previous year's PKR 627.36 million. Earnings per share dramatically increased to PKR 27.36, up from PKR 5.36, showcasing strong earnings growth.

Additionally, the board of directors recommended an interim cash dividend of PKR 5.00 per share, demonstrating confidence in the company's ongoing profitability and cash flow stability.

This financial upturn reflects Haleon Pakistan's successful strategic initiatives over the past year, aimed at optimizing operations and enhancing product offerings. The company's performance is a positive indicator for stakeholders and reflects a strong trajectory heading into the final quarter of 2024.